Taiwan's Accession into the WTO and Trade in Services

Chou, Ji; Wang, Shiu-Tung; Chen, Kun-Ming; Kuo, Nai-Fong

doi:10.7208/chicago/9780226386782.003.0005

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“…The second step is to develop an econometric model and use it to estimate the effect of the services trade restrictiveness index on price, cost, quantity or productivity, while controlling for all the other factors that might affect performance in that industry (Dee, 2005). a This parameter is assumed to be the same as that of Hong Kong, as estimated in Chou et al (2003). establish a cross-Strait Economic Cooperation Framework Agreement is being intensively studied on both sides.…”

Section: Notesmentioning

confidence: 99%

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Impact of Cross‐Strait Trade Liberalization: A Computable General Equilibrium Analysis

Chen¹,

Tsai²,

Lin³

et al. 2009

China and World Economy

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This paper applies a computable general equilibrium model to investigate the potential economic effects of trade liberalization across the Taiwan Strait. Our simulation results reveal that cross-Strait trade liberalization will have significant positive impacts on external trade, domestic investment and real GDP for the economies in this area in general and in Taiwan in particular. Furthermore, the negative impact from the formation of a free trade arrangement between Taiwan and Chinese Mainland on Hong Kong seems to be rather small. These results suggest that cross-Strait trade liberalization is very likely to bring about a win-win situation for the economies in this area. Copyright (c) 2009 The Authors Journal compilation (c) 2009 Institute of World Economics and Politics, Chinese Academy of Social Sciences.

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Section: Notesmentioning

confidence: 99%

“…In addition, the tariff commitments made by Taiwan and Chinese Mainland when they entered the WTO in 2001 are also taken into account in the model. The data on these commitments are compiled from Chou et al (2003).…”

Section: Empirical Modelmentioning

confidence: 99%